Fed Meeting Begins; Australia Hikes Rates: 5 Keys to Tuesday's Meeting

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Fed Meeting Begins; Australia Hikes Rates: 5 Keys to Tuesday's Meeting
Credit: © Reuters.

By Laura Sanchez

Investing.com - Although it is not until tomorrow that the US Federal Reserve (Fed) will announce its interest rate decision, investors are already looking ahead to the start of the meeting.

Australia raises interest rates.

The corporate earnings season continues.

Oil is trading lower.

Cryptocurrencies move lower this morning.

These are the five factors that investors will have to take into account when making their decisions today:

1. Fed meeting starts; Australia hikes rates

The Fed's interest rate meeting begins this Tuesday, although it will not announce its decision until tomorrow, Wednesday.

On the other hand, early this morning, we learned that the Reserve Bank of Australia has raised interest rates to 0.35%, higher than expected (which was 0.25%), from 0.10% previously.

2. Business performance

The corporate earnings season continues. Today, Pfizer (NYSE: PFE ), AMD (NASDAQ: AMD ), and Airbnb (NASDAQ: ABNB ), among others, present their quarterly figures.

3. Cryptocurrencies on the decline

The cryptocurrency sector is down today. Bitcoin is trading at around $38,500 and Ethereum at around $2,800.

4. Asian and American stock markets

The main Asian indices are mixed today. Hong Kong's Hang Seng is flat. Nikkei and the Shanghai Composite remain closed for public holidays.

On Wall Street, the market ended yesterday in the green. The S&P 500 (0.5%), Nasdaq (1.6%), and Dow Jones (0.2%) closed higher.

5. Macroeconomic data

Among the main macroeconomic data releases, the German unemployment rate , the UK manufacturing PMI , and the Eurozone PPI will be of note.

In the US, we will see the Redbook retail sales index and the weekly API crude oil stocks.

Follow the day's events on our economic calendar: https://in.investing.com/economic-calendar/

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